American Integrity Insurance Group (AII) Q2 2026 earnings summary

Executive summary

• Achieved record voluntary new business production with over 43,000 new policies sold, a 54% year-over-year increase and 44% sequential growth, and became the #1 public company voluntary market new business writer in Florida.

• Policies in force grew 15.7% year-over-year to 461,714, with in-force premium surpassing $1 billion and retention rates improving to 84.4%.

• Growth driven by strong agency relationships, expansion in Florida’s Tri-County and middle-aged homes segments, and accelerated expansion in Southeast states.

• Legislative reforms in Florida have led to a healthier insurance environment, reduced litigation, and improved reinsurance pricing.

• Company culture, long-term agent relationships, and robust technology platform cited as key competitive advantages.

Financial highlights

• Net income for Q2 2026 was $34.1 million ($1.74 per diluted share), up from $27.5 million year-over-year; adjusted net income was $34.9 million ($1.78 per share).

• Gross premiums written rose 13.8% to $326.6 million; net premiums earned increased 58.2% to $104.7 million.

• Combined ratio improved to 63.4% from 72.9% year-over-year.

• Book value per share increased 22.3% year-over-year to $18.86 as of June 30, 2026.

• Return on equity was 38.7% (adjusted 39.6%) for Q2 2026.

Outlook and guidance

• Expect continued strong organic growth, supported by favorable market dynamics, legislative reforms, and strategic expansion in Southeast states.

• Evaluating expansion of product offerings in Southeast states, including Dwelling and Marine Insurance.

• Reinsurance costs for the year remain in the $430–$440 million range.

• Expect positive revenue and net income impact from reduced quota share ceding percentage.